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    April 28, 2022

    March Durable Goods Snap Back

    Written by David Schollaert

    New orders for US manufactured durable goods rebounded in March after sinking for the first time in five months in February. Last month’s bookings for durable goods rose 0.8% following a revised 1.7% decline a month earlier, according to the Commerce Department.

    economyThe value of core capital goods orders – a proxy for investment in equipment that excludes aircraft and non-defense capital goods – performed better than expected, expanding by 1%.

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

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